Investment in oil and gas infrastructure has increased, and the industry is facing rapidly evolving threats to the security of its critical infrastructure. These threats are only becoming more frequent and more aggressive, as several prominent attacks on the oil and gas industry in recent years have highlighted. These are the factors driving the expenditure in the global oil and gas infrastructure security market. The research process includes analysis of secondary and in-house sources as well as interviews with key industry participants and end users. The study indicates the total global airport expenditure from 2012–2019.

Executive Summary

The oil and gas industry is increasingly developing new infrastructure and is facing rapidly evolving threats to the security of its critical infrastructure. These threats are only becoming more frequent and more aggressive, as several prominent attacks on the oil and gas industry in recent years have highlighted. These are the factors driving the global oil and gas infrastructure security market.

A key focus for oil and gas security end users is that products, services, and solutions are in line with cutting-edge innovation and technology and can detect and delay the threats. In addition, being user-friendly and offering value to the clients remains key.

The upstream segment in oil and gas will provide suppliers of security systems with key growth opportunities, due to sustained global exploration and production activity.

North America and Europe will remain at the forefront of infrastructure security spending on new technology, followed by Asia-Pacific, while the Middle East and Africa will require the highest levels of security across all segments.

South America will experience high growth in security spending, followed by the Middle East, Africa, and Asia-Pacific.

Oil and gas companies globally are seeking to integrate their security systems for protection of their critical facilities. There is a growing capability gap for ease of use for the end user.

Cyber security will emerge as the highest-priority area for the oil and gas infrastructure security market, with continued demand for advanced physical security measures. There is a growing trend for integration of information technology and operating technology (IT/OT) systems.

Pipeline surveillance and pipeline leak detection systems are in great demand globally with increasing pipeline construction. Advanced technologies are being deployed in order to protect these critical pipelines.

The global oil and gas infrastructure security market is expected to grow from $ x billion in 2013 to $ x billion in 2021. This figure comprises all of the solutions, both physical and cyber, deployed to defend critical assets in the upstream, midstream, and downstream sectors of the oil and gas industry.

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